”It’s very easy to trace and all the car manufacturers want to know the carbon footprint,” he said.

“The point is, they want to know and they want us to lower it so then they need to buy fewer carbon credits.”

Liberty Global Logistics executive vice president Josh Shapiro said the spot market for car carriers was less about long-term thinking on issues like decarbonisation and more about capacity control in a market where rates are very high.

“But all of our customers themselves producing new vehicles are going to be electric. That’s where we’re being encouraged to have a decarbonisation journey,” he said.

“The spot market needs are actually about moving products in the supply chain.”

Source: TradeWinds